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<br />DUPLICATE COPY -- ORIGINALS LOST
<br />Form 2:6•]
<br />• Fa. iQ/69
<br />STATE OF C0ia0~0
<br />Stale Boud oC [ zrtd Comrnissianen
<br />Department of Natural Resources
<br />Denver, Colorado 80203
<br />GOLD and ASSOCIATED MINERALS ryy I N 1 N G LEASE N O. 2989/16-5
<br />THIS J1INL`iG LEASE, Jtade in duplicate and entered into this 4th day of June Ig 81
<br />by and between the State oC Colorado, acting through its STATE BOARD OF LAND COt~ISIISSIONERS, hereinaiter
<br />referred to u Lessor, and R°c~~_ West Mining Corporation, Box 537, Idaho Springs,
<br />Colorado 80452 ~ ,hereinafter refened to as Lessee:
<br />WITNESSETH: Lessor, for and in consideration oC tht sum oC °--'-`-""-"--'------'------------*
<br />Dollars 5 ---'-* - '--*
<br />( ), rec:ipt aC which is hereby acknowledged as payment of filing Cee in the amount of S "" ,
<br />and fvst yews rental in the amount of 5 "'-"'*, and in further consideratien of Lessee's a reemen[ to pay the
<br />following amounts annually as rental in advanc: on the anniversary dart of this lease so long u said lease shall remain in
<br />effect:
<br />*Paid under Lease No. 2346/16-5
<br />LEASE YEAR RATE PER ACRE
<br />2nd $1.00--*
<br />3rd 1.00
<br />4th 1.00
<br />5th and all subsequent years 1 .00
<br />and in further consideration oC the terms and conditions hereinafter stated, and cf the payment of ;oyaloes reserved
<br />herein, to be kept and perfo[.med by Lessee, its successors and assigns, does hereby demist and irate to Lessee the right
<br />and privilege of exploring and prospecting for, and mining for and taking Bold and associated minerals
<br />and associated minerals of value trot c:an be removed in the process of mining and milling the same
<br />from dte lands hereinafter dexribed, situate, lying and bring in the County of Clear Creek ,
<br />State of Colorado, to wit:
<br />.ACRES SUBD[ViSION ~ SECTION TOWNSHIP RANGE PAT&`tT5
<br />122.18 Lots 7,8,15,17; NW/4SE14 36 3S 74W None
<br />-ontaining 122.18 acres, more or less, together with.the right to use as much of the surface thereof as may re3orably
<br />be required in the tzercise of the rights and privileges herein granted, and the reasonable right to ingress and egttsst the
<br />right to the ux oC all otherwise unappropriated water from said lands but not from surface !ester's or surface owner's
<br />water wells or reservoirs; [he right to construct buildings, make excavations, stockpiles, dumps, drains, roads, tailreads.
<br />power lines, pipelines, and other unprovements as may be necessary; subject, however, to all existing easements and
<br />rrghtsofway or third pubes, and the rights of surface lesxes and surtac: patente:s, and further subject to [he terms.
<br />conditions, and royalties set out in this leue,
<br />aESERVING. However, to the State of Colorado:
<br />?.. All rights and privileges of every kind and nature, except as are herein specifically granted. .
<br />B. The right to use or leax said premises ar any pazt thereof st anv tithe for any purpox other than and not
<br />inconsistent or interfering with the righn and privdeges herein specifically granted.
<br />C. The right at atl times doting the life oC this lease to go upon said premises and tvery part thereof, for the ourpnse
<br />of inspecting same, and [he books of accounq and records of mineral workings therein, and of ascerramin¢
<br />whether ar no[ Said Lesxe and thox hoiding thereunder, by and from it, are carrying out the terms, covenanu.
<br />and agreements in this leue contained.
<br />TO HAVE AND TO HOLD The above-dexribed premises, with the appurtenances, unto the Lessee, its heirs, successors,
<br />assigns, or legal reprexntatives, Crom •Cwelve o'clock noon on the 4th day of .Tune ~ u 81,
<br />for•the{y{}.termof----------{_ -_}~Yeen, and until Twetve o'clock noon on the 11th day of Auaus t
<br />19_, and. except as hereinafter staled, as long thereafter as tht minerals hereinabovt deslgnated're being produced
<br />in paying quantities from said premises, and the royalties and rents provided foe herein, or by any extension hereof, ate
<br />being pod- subject to the fallowing terms, conditions, and agreements, to wit:
<br />1. Mini u Rovaltv - As minimum and advance royalty, without relation to the amount of minerals mined fro^
<br />t e eaten pretntxs, the Lessees will pay to the Lessor the following amounts:
<br />LEASE YEAR 311NL~iLM ROY,tLTY LEASE YEAR 111;lL~IL~[ ROYALTY
<br />1st thru 5th I;lone
<br />Acreage changes resulting from surrender or portal assi¢nment do no[ reduce the minimum royalty propor-
<br />tiona[ely. The Boud •~vill determine the minimum royalty.
<br />Further, at the end of each tive•veat period, the Hoard may fix tht raft of advance royalty to be paid for tat
<br />succeeCL:ig tive•yeu period of the feast.
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